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TTP Communications, the Royston-based wireless technology company, is to be acquired by Motorola for £103m.
TTP Communications has secured a £8.5m investment from a consortium led by Scottish Equity Partners to fund the expansion of its IP Access second-generation pico base-station business.
TTP Communications has acquired Mobisys Telecom, the South Korean GSM/GPRS terminal integration and design company with 24 staff.
TTP Communications has raised £69m in a share placing in order to develop wireless technology for base stations, open new laboratories in the US and Asia, and fund acquisitions.